Kone Oyj - ESG Rating & Company Profile powered by AI

Industry Group:Industrial Machinery

The assessment of Kone Oyj was assembled by All Street Sevva using leading NLP. This webpage is a zero-cost ESG analysis for Kone Oyj. Jump to the bottom of the webpage for potential risks for Kone Oyj based on sector, location and size.

Kone Oyj in the Industrial Machinery industry gained a UN SDG ESG Transparency Score of 7.4; made up of an environmental score of 4.8, social score of 6.9 and governance score of 8.0.

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SDG Transparency Score for Kone Oyj 
Low
0 - 3
Medium
4 - 6

7.4

High Impact
7 - 10
Last Score Update: 2022-07-01
What drives the score for Kone Oyj 
4.8

Environmental

6.9

Social

8.0

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Marel hf
9.4
High
2EnPro Industries Inc
9.2
High
155EFORT Intelligent Equipment Co Ltd
7.5
High
155IDEX Corp
7.5
High
159Kone Oyj
7.4
High
159NSK Ltd
7.4
High
159Semperit AG Holding
7.4
High
.........
1239Yantai Eddie Precision Machinery Co Ltd
0.0
Low
1239Zhong Yang Technology Co Ltd
0.0
Low
.........
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Frequently Asked Questions

Does Kone Oyj reference operational or capital allocation in relation to climate change?No
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Is Capital Expenditure linked to emissions reduction?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?Yes
company-nameESG Disclosurefiling2021-04-27
TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES KONE is a Supporter of the Task Force on Climate-related Financial Disclosures (TCFD), established by The Financial Stability Board to develop recommendations for more effective climate-related disclosures with the aim of enabling stakeholders to understand better the concentrations of carbon-related assets in the financial sector and the financial system's exposures to climate-related risks. The TCFD-recommended disclosures include the governance, strategy, risk management and metrics and targets on climate-related topics.
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company-nameAnnualfiling2021-01-28
Risk management BOARD OF DIRECTORS' REPORT 24 KONE ANNUAL REVIEW 2020 RISKS AND RISK MANAGEMENT RELATED TO THE REPORTING OF NON-FINANCIAL INFORMATION The assessment and analysis of KONE's most significant risks also covers non-financial risks. In line with the requirements of the Finnish Accounting Act, KONE has identified the most significant non-financial risks regardless of their materiality for KONE as a whole. In addition, KONE is applying TCFD guidelines on the reporting of climate-related risks.
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company-nameAnnualfiling2021-01-28
KONE's Board of Directors is responsible for overseeing and supervising the implementation of KONE's strategy, including sustainability topics and climate change issues. The Board also reviews risks and risk management of which environmental, social and anti-corruption matters are a part of.
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Has Kone Oyj submitted or committed to submit to a shareholder vote (say-on-climate) its climate strategy?

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Are Operating Expesnses linked to emissions reduction?
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Does Kone Oyj report according to TCFD requirements?

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Does Kone Oyj disclose the individual responsible for D&I?
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Does Kone Oyj have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does Kone Oyj disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?
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KONE Oyj, together with its subsidiaries, engages in the elevator and escalator business worldwide. It offers elevators, escalators, and automatic building doors. The company also provides maintenance services; modernization solutions; and various residential solutions. In addition, it offers KONE Office Flow, a connected solution that allows for personalized user experiences and touch-free access; health and well-being solutions for elevators, escalators, and doors; KONE Residential Flow, a smarter building solution for the movement of people, goods, and information; KONE Access, an access control system, which is integrated with elevator system and building doors; KONE Destination, a destination control system that reduce waiting and travel times; KONE infotainment, a communication channel for building tenants and visitors; and monitoring solutions that enable real-time inspection of elevators and escalators. Further, the company provides people flow planning and consulting services; and solutions for special buildings and large projects. KONE Oyj was founded in 1908 and is based in Espoo, Finland.